HEAVYGRUE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HEAVYGRUE
Largest movements
- Cash +€32,243
up €32,243 (+26.7%), from €120,725 to €152,968
mainly Net result for the year (+€55,646) and Accrued charges and deferred income (+€2,339)
- Receivables within one year +€12,309
up €12,309 (+78.4%), from €15,697 to €28,006
of which Other amounts receivable: +€11,184
- Tangible fixed assets +€2,683
up €2,683 (+216%), from €1,244 to €3,927
of which Furniture and vehicles: +€3,101
- Profit (loss) carried forward +€54,146
up €54,146 (+60.4%), from €89,666 to €143,812
- Tax, wage and social debts -€8,351
down €8,351 (-81.7%), from €10,228 to €1,876
- Accrued charges and deferred income +€2,339
up €2,339 (+126%), from €1,849 to €4,188
- Gross operating margin -€26,474
down €26,474 (-25.6%), from €103,345 to €76,871
- Taxes -€4,787
down €4,787 (-23.9%), from €20,035 to €15,248
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €137,756 | €184,991 | +€47,235 | +34.3% |
| Fixed assets | 21/28 | €1,334 | €4,017 | +€2,683 | +201% |
| Tangible fixed assets | 22/27 | €1,244 | €3,927 | +€2,683 | +216% |
| Plant, machinery and equipment | 23 | €1,244 | €825 | -€418 | -33.6% |
| Furniture and vehicles | 24 | - | €3,101 | +€3,101 | |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €136,422 | €180,974 | +€44,552 | +32.7% |
| Amounts receivable within one year | 40/41 | €15,697 | €28,006 | +€12,309 | +78.4% |
| Trade receivables | 40 | €6,119 | €7,244 | +€1,125 | +18.4% |
| Other amounts receivable | 41 | €9,578 | €20,763 | +€11,184 | +117% |
| Cash at bank and in hand | 54/58 | €120,725 | €152,968 | +€32,243 | +26.7% |
| Total equity and liabilities | 10/49 | €137,756 | €184,991 | +€47,235 | +34.3% |
| Equity | 10/15 | €122,666 | €176,812 | +€54,146 | +44.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Contributions outside capital | 11 | €30,000 | €30,000 | = | 0.0% |
| Other | 1109/19 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,666 | €143,812 | +€54,146 | +60.4% |
| Amounts payable | 17/49 | €15,089 | €8,179 | -€6,911 | -45.8% |
| Amounts payable within one year | 42/48 | €13,240 | €3,990 | -€9,250 | -69.9% |
| Trade debts | 44 | €1,512 | €614 | -€899 | -59.4% |
| Suppliers | 440/4 | €1,512 | €614 | -€899 | -59.4% |
| Taxes, remuneration and social security | 45 | €10,228 | €1,876 | -€8,351 | -81.7% |
| Taxes | 450/3 | €10,228 | €1,876 | -€8,351 | -81.7% |
| Other amounts payable | 47/48 | €1,500 | €1,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,849 | €4,188 | +€2,339 | +126% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11 | €668 | +€657 | +5,730% |
| Other operating charges | 640/8 | €5,380 | €4,858 | -€522 | -9.7% |
| Gross operating margin | 9900 | €103,345 | €76,871 | -€26,474 | -25.6% |
| Operating profit (loss) | 9901 | €97,953 | €71,345 | -€26,608 | -27.2% |
| Financial income | 75/76B | €947 | €27 | -€920 | -97.1% |
| Recurring financial income | 75 | €947 | €27 | -€920 | -97.1% |
| Financial charges | 65/66B | €681 | €478 | -€203 | -29.8% |
| Recurring financial charges | 65 | €681 | €478 | -€203 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €98,220 | €70,894 | -€27,325 | -27.8% |
| Income taxes | 67/77 | €20,035 | €15,248 | -€4,787 | -23.9% |
| Profit (loss) for the period | 9904 | €78,184 | €55,646 | -€22,538 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €78,184 | €55,646 | -€22,538 | -28.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.